Insurability Terms

1.-Similar insurance sales rate

2.-Total loss calculation terms

3.-Accidental loss terms

4.-Limit the risk of large losses

5.-Loss measurement

6.-Affordable premium to different pockets

These six points address terms that benefit both the insured party and the insurer, they make up an order and structure of the insurance since they provide a first step to the regulations that the insurance to be delivered must contain, the accessible premiums and the measurements of losses that determine how much will be paid for the insurance, the payment limit in case of a total loss insures the insurance company against major catastrophes, the terms of total loss calculation and the sale of insurance at an affordable price show that insurance is available for all public